The agreement announced Monday between the company and the State University of New York College of Nanoscale Science and Engineering maintains 2,350 jobs and adds 750 at semiconductor plants in the Hudson Valley. It will stave off job cuts through 2016.

IBM will also create 500 information technology jobs at a state-owned hub in Buffalo.

The company didn't initially respond to a request for details about the jobs in Buffalo.

IBM employs about 7,000 people in Dutchess Country and laid off almost 700 last year. AllianceIBM, the national IBM employees' union, says more jobs cuts are expected on Wednesday.